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NEW YORK CITY – Cornell Tech today celebrated
the official opening of its campus on Roosevelt Island with a dedication event
attended by New York Governor Andrew Cuomo, New York City Mayor Bill de Blasio,
former Mayor Mike Bloomberg, Cornell University President Martha Pollack, Technion
President Peretz Lavie and Cornell Tech Dean Daniel Huttenlocher. Cornell Tech
is the first campus ever built for the digital age, bringing together academia
and industry to create pioneering leaders and transformational new research,
products, companies and social ventures. Today marks the opening of the first
phase of the Roosevelt Island campus, which features some of the most
environmentally friendly and energy-efficient buildings in the world.

In 2011, Cornell Tech was named the winner of
Mayor Mike Bloomberg’s Administration’s visionary Applied Sciences Competition,
designed with the goal of diversifying the economy and creating a national hub
for tech. The project, managed by the City’s Economic Development Corporation,
has been carried forward by the de Blasio administration, with the campus
breaking ground in 2015. The City estimated in 2011 that the new campus would
generate up to 8,000 permanent jobs, hundreds of spin-off companies and more
than $23 billion in economic activity over a period of 35 years. The campus is
built on 12 acres of City land.

“With the opening of Cornell Tech, Cornell
University, in partnership with the Technion, is defining a new model for
graduate education -- a model that melds cutting-edge research and education
with entrepreneurship and real world application,” said Cornell University President Martha E. Pollack. “We are so grateful
to the City of New York for offering us a chance to launch this venture, to the
many other partners who have helped bring us to this day, and to Mayor de
Blasio and his administration for their continued commitment and support. Today
marks the beginning of a new era of opportunity not only for Cornell and the
tech campus, but also for New York City, the state and the world.”

“Today’s Cornell Tech campus opening marks the
beginning of a new chapter in the Jacobs Technion-Cornell Institute’s ongoing
work to foster innovation in New York and beyond,” said Professor Peretz Lavie, President of Technion-Israel Institute of
Technology. “In partnership with Cornell, we’ve developed a model of
graduate-level technology education that is unlike any other – one that’s
tailor-made not only for New York City but for the challenges of the digital
revolution.”

“Thanks to our investments to foster key
industries, create good-paying jobs, and attract top talent, New York is the
center of the world for finance, advertising, media, the arts and international
commerce, but we are still building our reputation as an
internationally-recognized hub of cutting-edge science and technology. By
harnessing the engineering expertise of Cornell and the entrepreneurial spirit
of Technion, Cornell Tech’s new campus will strengthen New York’s future
competitiveness and produce innovations that will change the world,” said Governor Andrew Cuomo.

“As we work to keep New York City a leader in
the 21st Century economy, we celebrate the opening of the Cornell
Tech campus and the opportunities it opens up for our city and our people. I am
proud to welcome our newest leading educational institution, which will become
a tremendous catalyst for our tech sector. We won’t stop here. Through Computer
Science for All, the Tech Talent Pipeline and the new Union Square Tech Hub, we
are building on the progress Mayor Bloomberg set in motion, and helping more
New Yorkers become a part of this extraordinary success story,” said Mayor Bill de Blasio.

"Cornell Tech is an investment in the
future of New York City — a future that belongs to the generations to come, and
the students here will help build it. Technological innovation played a central
role in New York City becoming a global economic capital – and it must continue
to play a central role for New York to remain a global economic capital. The
companies and innovations spawned by Cornell Tech graduates will generate jobs
for people across the economic spectrum and help our city compete with tech
centers around the world, from Silicon Valley to Seoul,” said Mike Bloomberg.

“I’m thrilled that the Cornell Tech campus is
finally opening on Roosevelt Island,” said Congresswoman
Carolyn B. Maloney.“With its
proximity to Manhattan and to industrial space in Western Queens, Roosevelt
Island is the perfect setting for an educational institution, which is which is
why I worked hard to ensure that it was selected when the City was considering
locations for the new applied science campus. Cornell Tech will help us
diversify our economic base and bring jobs through new startups. A New York
school generates New York businesses and employs New Yorkers. As students are
welcomed to the new campus, we know this is just the beginning – and that the
future for this institution will be bright.”

“Cornell Tech will create the leaders of
tomorrow, bringing the brightest minds in the field of technology to Roosevelt
Island. The digital age has not only improved the efficiency and productivity
at the workplace, but created competitive high-paying salaries and stable jobs
that keep overall unemployment rates lower. Cornell Tech is ahead of the curve
by providing academic programs and training that will make this a
world-renowned institution,” said Assembly
Member Rebecca A. Seawright.

"The new Cornell Tech campus is a wonderful
addition to Roosevelt Island and will continue to propel New York City as a
leader in technology and innovation. Not only will this state of the art campus
generate thousands of permanent jobs and billions of dollars in economic
activity over the next 30 years, but is also environmentally friendly and
energy efficient. Many thanks to Cornell Tech and all of my colleagues in
government and on Roosevelt Island that helped to complete this special
project,” said New York State Senator
José M. Serrano.

“This milestone is a game-changer – and this
campus is a New York City gem. As it prepares students for jobs of the future
today, Cornell Tech will keep our city competitive in emerging industries
tomorrow. This transformative project truly cements New York City as a global
tech hub, and it illustrates what happens when government, academia, and
industry all work together. Every stakeholder in this project should be
exceptionally proud,” said Comptroller
Scott M. Stringer.

"As our world becomes more tech-centered,
the Cornell Tech campus will allow New York City to be at the heart of the
innovation, leadership -- and most importantly, jobs -- in this space. This
campus will bring academics, research and business together and educate the
bright minds of our future. I look forward to seeing all that Cornell Tech has
to offer our City, and to working with Cornell Tech to ensure that New Yorkers
from every corner of our City benefit from this world-class institution,"
said Public Advocate Letitia James.

"Cornell Tech is a tremendous boost to New
York's growing tech community and a welcome addition to our city's pantheon of
world-class academic institutions," said Manhattan Borough President Gale A. Brewer. "It's been
thrilling to watch the campus' buildings rise on Roosevelt Island and to see
the community partnerships this institution has already made possible.”

“The dedication of the Cornell Tech campus is an
incredible achievement for New York City that has been almost seven years in
the making,” said New York City Council
Speaker Melissa Mark-Viverito. “Not only does the addition of this
institution enhance an already impressive slate of educational offerings, but
its presence brings New York City’s drive for innovation to the cutting edge. I
look forward to the thousands of students and faculty who will bring their
research and insights to the five boroughs, and I am proud of the partnership
between Cornell, the Technion Israel Institute of Technology and the New York
City Council that saw about $300,000 allocated toward making this dream a
reality.”

“The opening of Cornell Tech on Roosevelt Island
is a victory for Western Queens and New York City that will create jobs and
reassert the region as a global leader in tech and innovation,” said City Council Majority Leader Jimmy Van
Bramer. “Just one stop on the F train to Western Queens, the proximity of
the new campus and tech incubator to Western Queens will be beneficial for the
people of my district and for the students of Cornell Tech looking to start new
businesses. With unmatched resources for small businesses, including a diverse
and talented workforce, Long Island City will be a natural place for new tech
businesses to call home, develop breakthroughs, and create jobs. I thank all
involved in this historic project for their good work and look forward to
working closely with our new neighbor, Cornell Tech.”

“Tech now has a new home in New York City on
Roosevelt Island at Cornell Tech. We are growing jobs and educating the next
leaders of the tech economy right here on Roosevelt Island so the next big
thing in tech will be 'Made in New York,” said City Council Member Ben Kallos, a tech entrepreneur. “Welcome to
Cornell Tech, Dean Dan Huttenlocher and thank you to former Mayor Michael
Bloomberg for the vision, Mayor de Blasio and RIOC President Susan Rosenthal
for making it happen, and the Roosevelt Island community for being a part of
this every step of the way. I look forward to working with Cornell Tech on
bringing millions in investment to growing companies on Roosevelt Island and in
New York City.”

Academic
Program & Research

Cornell Tech started up in a temporary space
generously provided by Google and has already graduated more than 300 masters
and doctoral students, with most entering the New York City tech sector after
graduation by joining local companies or starting their own. Masters students
across all programs -- computer science, law, business, electrical engineering,
operations research, connective media and health tech -- spend time learning
and working collaboratively together in a Studio curriculum with extensive
engagement with the tech industry. The projects students pursue in the Studio
encourage them to practice entrepreneurship, product design, tech and public
policy, management and other skills, helping them graduate with tangible,
marketable experience and a portfolio of completed work that will help launch
their career.

Cornell Tech’s 30-member faculty has launched
cutting-edge research groups in the areas of Human-Computer Interaction and
Social Computing, Security and Privacy, Artificial Intelligence, Data and
Modeling, and Business, Law and Policy. All of the faculty have a focus on
applied research and having a real world impact.

“We are entering a new era for tech in New York,
and the Cornell Tech campus is at the heart of it. Cornell Tech was given the
rare opportunity to create a campus and academic program from scratch. The
opening of our new campus brings together academic disciplines critical to the
digital transformation of society and the economy, together with companies,
early stage investors, and government to spark innovation and help improve the
lives of people throughout the City, country and world,” said Cornell Tech Dean Daniel Huttenlocher.

“Cornell Tech is a natural 21st-century
expression of Cornell University’s founding principles,” said Robert S. Harrison, chairman of the
Cornell University Board of Trustees. “The new campus is both completely
transformative – and completely consistent with our values and our mission to
pursue knowledge with a public purpose. While Ithaca remains the heart of the
university, we serve New Yorkers through outreach and engagement in all 62
counties of New York state and have been deeply integrated in New York City for
more than a century. The innovative programs at Cornell Tech affirm our
institution’s vision, enhance our land-grant mission, and reflect the spirit of
all Cornellians.”

The Jacobs Technion-Cornell Institute at Cornell
Tech is a unique academic partnership of two leading global universities, the
Technion Israel Institute of Technology and Cornell. The Institute houses the
Health Tech and Connective Media programs, where students receive dual degrees
from Cornell and the Technion, and the Jacobs Runway Startup Postdoc program
for recent tech PhDs.The Runway program has been responsible for about half of
the more than 30 companies that have spun out of the Cornell Tech campus with
more than $20 million in funds raised and employing more than 100 people.

“The Jacobs Technion-Cornell Institute is a cornerstone
of Cornell Tech, combining Cornell’s commitment to discovery with Technion’s
global leadership in applied research and entrepreneurship. From our dual
masters degree programs, to our groundbreaking faculty research, to the
innovative companies spinning out of the Jacobs Runway Startup Postdoc program,
our partnership and impact will grow on our new campus. Through the Jacobs
Institute, Cornell Tech and New York City as a whole will always be on the
leading edge, experimenting with novel ways to educate, discover, and
innovate,” said Ron Brachman, Director
of the Jacobs Technion-Cornell Institute.

“By steering students through Cornell Tech, and
its soon-to-come Verizon Executive Education Center, we can build students and
business people into lifelong learners and inspire them to be more innovative
and impactful leaders. Our investment in Cornell Tech, is a testament of our
belief that technology can be a transforming force in our society. This unique
institution will be a model for the future and a shining example of how to
solve big challenges and make people’s lives better,” said Lowell McAdam, Chairman and CEO of Verizon.

"Even without a permanent campus, Cornell
Tech has already established a proven track record of developing innovative
companies and top tier talent here in New York City. Now in its beautiful new
home on Roosevelt Island, Cornell Tech immediately establishes itself as one of
New York's premier tech institutions—helping us attract and retain the
technical talent and companies our industry needs to grow and thrive,” said Julie Samuels, Executive Director of
Tech:NYC.

Campus

Cornell Tech’s mission of collaboration and
innovation is reflected in the physical design of its Roosevelt Island campus.
It is a new type of urban campus that provides space to think, but is also
integrated—in both mission and design—with the city. The campus master plan was
designed by Skidmore, Owings & Merrill
and includes a number of innovative features and facilities across a
river-to-river campus with expansive views, a series of green, public spaces
and a seamless integration of indoor and outdoor areas. The campus has some of
the most environmentally friendly and energy efficient buildings in the world.

“We felt strongly that the framework should
stimulate invention — both architectural and scientific. We designed a campus
framework that would encourage the creative process now and into the future,
flexibly accommodating a growing and evolving institution,” said Colin Koop, Senior Designer on project and
a Director at Skidmore, Owings & Merrill LLP.

The first phase of the campus includes:

The Emma
and Georgina Bloomberg Center is the first academic
building on campus. Cornell University received a $100 million gift from
Bloomberg Philanthropies in 2014 for the campus. Designed by Morphosis
Architects under the direction of Pritzker-Prize winner Thom Mayne and
Principal Ung-Joo Scott Lee, the building is a departure from traditional
academic facilities with a variety of spaces designed to support different
learning modes, including flexible spaces to encourage collaboration as well as
private work spaces, adapting open plan offices from the tech world to the
academic arena. The Bloomberg Center aspires to be among the largest net-zero
energy buildings in the United States, with all of its power generated on
campus through a variety of site-specific strategies to reduce energy demand
and use renewable energy. The art-in-architecture is also a key component of
the Bloomberg Center, with newly commissioned works throughout the building by
artists Alison Elizabeth Taylor, Michael Riedel, Matthew Ritchie and Matthew
Day Jackson. It also features a space designed specifically to house a Works
Projects Administration (WPA) Federal Art Project mural by Ilya Bolotowsky from
the decommissioned Goldwater Memorial Hospital previously on the Cornell Tech
site as well as a ground-floor cafe that is open to the public.

“The aim of Cornell Tech to create an urban
center for interdisciplinary research and innovation is very much in line with
our vision at Morphosis, where we are constantly developing new ways to achieve
ever more sustainable buildings and to spark greater connections among the
people who use our buildings. With the Bloomberg Center, we’ve pushed the
boundaries of current energy efficiency practices and set a new standard for
building development in New York City,” said Morphosis founder and design director Thom Mayne.

The
Bridge, designed by WEISS/MANFREDI and developed by
Forest City New York, is a first-of-its-kind building where an extraordinary
mix of cutting-edge companies from diverse industries will have the opportunity
to work alongside groundbreaking Cornell academic teams: from recent Cornell
Tech graduates hustling to commercialize a new idea, to start-ups on the verge
of explosive growth and established companies developing leading edge technologies
and products. The building features gathering areas on each level, including a
light-filled, multi-level Tech Gallery and a rooftop terrace sheltered by a
solar trellis. Tech and investment firm Two Sigma is opening a Collision Lab in
the building where engineers from its R&D team will tackle difficult
challenges away from the company’s main campus, and where innovative start-ups
backed by Two Sigma Ventures can thrive in an intense, productive and creative
environment. Citigroup is taking space to engage with Cornell University
students, faculty, researchers, and startups to work on emerging technologies
such as blockchain, machine learning and big data applications, biometric
authentication, Internet of Things, and cyber security. Ferrero International
S.A., one of the world’s largest manufacturers of chocolates, is taking space
for its Open Innovation Science division to explore digital age innovation in
the food industry.

“By bringing academia and industry together
under one roof at The Bridge, we are driving innovation and economic growth for
New York,” said MaryAnne Gilmartin,
President and CEO of Forest City New York. “The Bridge is welcoming an
incredible mix of companies who want to work alongside some of the top tech
talent New York City has to offer, and get a competitive advantage to bring
their ideas and new products to market.”

“The building is a crystalline social condenser,
one that reveals expansive skyline views and creates spaces for academics and
entrepreneurs to slow down, talk to one another, and generate ideas in
unprecedented ways,” said Marion Weiss
and Michael A. Manfredi, co-founders of WEISS/MANFREDI.

The
House, designed by Handel Architects and developed by
The Hudson Companies and Related Companies, is the tallest and largest
residential Passive House high-rise in the world. Passive House is the strict
international building standard that drastically reduces energy consumption
while creating a healthier and more comfortable living environment for a
fraction of residents’ usual energy costs. Cornell faculty, staff and students
live at The House, giving the campus 24/7 activity.

"We are very excited to bring this first of
its kind building to the New York City market. We have been humbled to be a
part of this amazing campus, working with an incredible team of architects,
engineers and contractors,” said David
Kramer, President of The Hudson Companies. “We hope that The House can
serve as a model for other developments to continue to build big, build more
sustainably and push the (super sealed) envelope.”

“The opening of the Cornell Tech Campus on
Roosevelt Island is a historic moment for New York, and would not have been
possible without the vision and foresight of the City and the State. This new
campus will serve as a hub for technological innovation and will be a
tremendous addition to New York City,” said Related Companies CEO Jeff Blau. “We are proud to have partnered
with Hudson Companies and Cornell on ‘The House’, likely the most sustainable
residential tower to ever be built, and to have played a role in making this
great project a reality."

“The House is a groundbreaking example of
sustainable architecture -- the largest and tallest Passive House building in
the world. It's our answer to the call for change to combat global warming,”
said Gary Handel, President of Handel
Architects.

The open
space, designed by James Corner Field Operations,
anchors the campus, fostering collaboration and innovation while simultaneously
inviting the public into the campus. The campus is a river-to-river experience,
engaging Roosevelt Island’s esplanade and extraordinary water frontage while
maximizing views of Manhattan and Queens. The heart of Phase 1’s 3.5 acres of
open space is the Campus Plaza, a multi-use central gathering space that can
accommodate larger events. Connected to the Plaza is the quarter-mile long Tech
Walk, a central spine that features a series of active and social spaces that
are linked by pedestrian pathways. Throughout the campus, outdoor and indoor
spaces are synergistically connected to allow people to move easily and
comfortably in and out during the course of the day. The open space features
comprehensive resilient design, including rain harvesting for irrigation,
subterranean gravel trenches that hold and slow down stormwater; a series of
bio-filtration gardens that treat stormwater runoff non-mechanically before it
enters the river; and a geothermal field that provides energy to The Bloomberg
Center.

“With Cornell Tech’s new campus, we have been
able to integrate technology, sustainability, and landscape architecture to
create a unique urban campus,” said Karen
Tamir, James Corner Field Operations’ Principal-in-Charge. “Each of the
open spaces work together to provide settings for students, faculty, staff and
visitors to sit, talk and collaborate, creating a lively, welcoming, and social
environment.”

“On behalf of the Roosevelt Island Community, I
am excited to welcome Cornell Tech and the promise of innovation it brings to
the Island, the State and the world. Cornell will undoubtedly have a positive
impact on the quality of life here, bringing together talented and diverse
young entrepreneurs with our active and inquisitive residents,” said Susan Rosenthal, President and CEO of the
Roosevelt Island Operating Corporation.

Later this fall, Cornell Tech will begin
construction on the Verizon Executive Education Center and Graduate Roosevelt
Island Hotel, targeted for opening in 2019, providing a venue for academic
conferences, executive programs and academic workshops.

When fully completed over the next few decades,
the 12-acre campus will be home to more than 2,000 graduate students and
hundreds of faculty and staff.

NYC Ferry service to Roosevelt Island began in
August, bringing more New York City neighborhoods within reach of the campus.

Commitment to Community: Building
a More Diverse and Inclusive Tech Talent Pipeline

Cornell Tech is committed to having an impact
beyond its campus, and to build and diversify New York City’s tech talent
pipeline so that more people can share in the rapid growth of the tech economy.
Fulfilling its promise to New York City to spur K-12 tech education, the campus
has partnered with more than a dozen local schools, including PS/IS 217 on
Roosevelt Island, and is coordinating professional development opportunities
for teachers to gain experience in incorporating tech thinking into their
teaching. To date, Cornell Tech has impacted over 5,000 students and 350
teachers. Cornell Tech is also committed to building and diversifying the base
of the technology talent in New York City. In partnership with CUNY and many
tech companies in the city, Cornell Tech’s Women in Technology and
Entrepreneurship in New York (WiTNY) program provides the access, incentives
and support needed for girls and women to succeed in the tech industry. To
date, the curriculum has been implemented at more than a dozen CUNY campuses
with 2,000 students impacted each year.

New
York City Applied Sciences Competition

Cornell Tech was founded when the partnership of
Cornell University and the Technion were selected in December of 2011 as one of
the winners of New York City’s visionary Applied Sciences NYC initiative,
created under Mayor Mike Bloomberg and Deputy Mayor Robert Steel. The Economic
Development Corporation, then led by Seth Pinsky, sought proposals for a
university or partnership to develop and operate a new or expanded campus in
the City in exchange for City capital, access to City-owned land and the full
support and partnership of City government. Cornell Tech’s proposal was
selected ahead of submissions from 17 world-class institutions from around the
globe. The Cornell Tech proposal was
selected by the City as the first winner of the competition and was provided
with land on Roosevelt Island and $100 million in City capital to build the $2
billion, 2 million square foot tech campus.

About Cornell Tech

Cornell Tech brings together faculty, business
leaders, tech entrepreneurs and students in a catalytic environment to produce
visionary results grounded in significant needs that will reinvent the way we
live in the digital age. The Jacobs Technion-Cornell Institute embodies the
academic partnership between the Technion-Israel Institute of Technology and
Cornell University on the Cornell Tech campus.

From 2012-2017, the campus was temporarily
located in Google’s New York City building. In fall 2017, 30 world-class
faculty and about 300 graduate students moved to the first phase of Cornell
Tech’s permanent campus on Roosevelt Island, continuing to conduct
groundbreaking research, collaborate extensively with tech-oriented companies
and organizations and pursue their own startups. When fully completed, the
campus will include two million square feet of state-of-the-art buildings, over
two acres of open space, and will be home to more than 2,000 graduate students
and hundreds of faculty and staff.

About
Cornell University

Cornell University is a world-class research
institution known for the breadth and rigor of its curricula, and an academic
culture dedicated to preparing students to be well-educated and well-rounded
citizens of the world. Its faculty, staff and students believe in the critical
importance of knowledge—both theoretical and applied—as a means of improving
the human condition and solving the world’s problems. With campuses in Ithaca,
New York, New York City, and Doha, Qatar, Cornell is a private, Ivy League
research university and the land-grant institution of New York state.